Tag: yinan zhang

Chart of the Week: The Fiscal Picture in China, 2020

By Yinan Zhang China has implemented a large fiscal stimulus in 2020 to counter the negative economic impact of COVID-19.  Up to September 2020, the fiscal support amounted to $707 billion (roughly 4.8 trillion renminbi) through spending and revenue measures (above-the-line (ATL) measures) and another $198 billion in liquidity support.  The health-sector related spending accounts […]

Chart of the Week: China’s Economic Growth Amidst COVID-19

By Yinan Zhang In the aftermath of the COVID-19 outbreak, China’s economic growth dipped into negative territory with a year-on-year growth of -6.8 percent in the first quarter of 2020, compared to growth rates above 6 percent in previous years.  As the epidemic got under control within China and support measures were deployed allowing the […]